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Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
 Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coking coal project in East Kalimantan.
Under an agreement with TSX-listed mining company SouthGobi Energy Resources Kangaroo will acquire all of SGER’s mining assets in Indonesia, including their 85% interest in the Mamahak Coking Coal Project for US$1 million in cash and the issue of 50 million KRL shares.
The acquisition increases the total number of coal projects in KRL’s portfolio to eight, representing another major milestone in the Company’s rapid transformation into a significant Indonesian coal producer.
The Mamahak Project has a JORC resource of 10.22Mt of high-quality coking coal, extensive infrastructure capable of supporting up to 1.5Mtpa coal production and a large 30,000 tonne coking coal stockpile ready for immediate delivery.
The acquisition is consistent with KRL’s strategy of building a sustainable mid-tier mining house over the medium term, focusing on Indonesian coal and using the considerable experience and expertise of its exceptional in-country partners.
Kangaroo’s strategy entails vending in valuable new coal projects, while at the same time continuing to work towards production in the short term from at least two existing projects. The Company is targeting up to 1-2 million tonnes* production in 2010, ramping up progressively thereafter to ultimately achieve up to +10 million tonnes coal per annum from operations within 2-3 years.
Kangaroo Resources
Kangaroo Resources Limited is a coal-focused Company on the Australian Securities Exchange (ASX:KRL). The Company is debt-free and has coal assets in Indonesia, as well as various assets in Australia, including iron ore, base metals and gold. Kangaroo Resources will be targeting production from its first coal operation in Indonesia in December 2009 and plans to bring other coal mines into production thereafter. The Company ultimately aims to leverage off its strong Indonesian relationships to build a robust mining house, with strong cash flows and an exciting funnel of new projects.
Source: Proactive Investors
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Saturday, 12 December 09
INDONESIA'S COAL RUSH - SOOTY SUCCESS
Rising demand from China and India is stoking Indonesia’s exports of coal
FOR power stations on the coast of China, it is often cheaper to ...
Thursday, 10 December 09
ENVIROCOAL REGISTERED IN 33 COUNTRIES
PT Adaro concerned to register the brand overseas
PT Adaro Energy Tbk has registered the Envirocoal trademark for its coal products in 33 countri ...
Thursday, 10 December 09
INDIA TO IMPORT 28 MILLION TONNE OF STEAM COAL
Faced with short supply of coal from domestic sources, the Indian power ministry has revised upwards its coal import target for the current fiscal t ...
Thursday, 10 December 09
INDONESIA'S NEW MINING LAW WILL NOT LIMIT COAL EXPORTS, SAYS GOVERNMENT
The government will allow coal producers to continue exporting even if they miss domestic sales requirements, a senior mining official said, marking ...
Wednesday, 09 December 09
INDONESIA'S RECAPITAL TO PAY $1.48 BLN FOR BERAU
Recapital Advisors, an Indonesian investment firm, will pay $1.48 billion in cash and notes to buy coal miner PT Berau Coal, $300 million of which i ...
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- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
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- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
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- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
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- SMG Consultants - Indonesia
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- The State Trading Corporation of India Ltd
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- Bulk Trading Sa - Switzerland
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- Indogreen Group - Indonesia
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- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
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- McConnell Dowell - Australia
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- Oldendorff Carriers - Singapore
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- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
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- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- Trasteel International SA, Italy
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- Baramulti Group, Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Interocean Group of Companies - India
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- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
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- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
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- Mercuria Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
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- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
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- Binh Thuan Hamico - Vietnam
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- Economic Council, Georgia
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- The University of Queensland
- Altura Mining Limited, Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Sojitz Corporation - Japan
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- Maharashtra Electricity Regulatory Commission - India
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- Videocon Industries ltd - India
- Chamber of Mines of South Africa
- Central Electricity Authority - India
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- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
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- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
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- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
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- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
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- Heidelberg Cement - Germany
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- Ministry of Finance - Indonesia
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- Directorate Of Revenue Intelligence - India
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